"We are excited to be able to add a future Hall of Fame player with the addition of Champ Bailey," said Saints executive vice president/general manager Mickey Loomis. "His career accomplishments mirror that of his high character and he's a very prideful and competitive player who we believe will add to our defense. Having spent time with him recently and in our discussions with him, I know that he's thrilled to be joining the New Orleans Saints and starting a new chapter in his professional life."

Bailey, 35, suffered through an injury-plagued 2013 campaign. He played in just five regular-season games, but returned to play in all three postseason games, including the Super Bowl.

He finished the regular season with 14 total tackles and no interceptions, marking the first time in his 15-year career he failed to pick off a pass.